Academic Courses
Course Descriptions
| Course | Course Title | Credit Hours |
|---|---|---|
| ACCT 103 | Introduction to Accounting | (4-0) 4 Cr. Hrs. |
Course Description
This is a beginning accounting course with emphasis on the accounting cycle for a sole proprietorship, journals, ledgers and basic financial statements. Accounting for cash, payroll, taxes and plant assets are also covered. This course is intended for students who want some accounting instruction prior to the Principles of Accounting course and those not majoring in business or economics.
Prerequisites
(A requirement that must be completed before taking this course.)
- None.
Course Competencies
Upon successful completion of the course, the student should be able to:
- Analyze business activities for accounting purposes.
- Record business activities in the accounting system.
- Use the debit and credit structure.
- Journalize entries.
- Post to a ledger.
- Set up a trial balance on a worksheet.
- Complete a worksheet.
- Prepare end of period adjustments.
- Use special journals.
- Prepare the basic financial statements: Income Statement, Statement of Owner’s Equity, and Balance Sheet.
- Complete the accounting cycle for a service and merchandise business.
- Account for petty cash and change funds.
- Use the basic account structure.
- Reconcile a checking account and record the necessary adjustments to the cash account.
- Do basic payroll accounting, account for promissory notes.
Note: This course may not be offered every semester.
Please check the ACCT section of the current course schedule for availability.